Lenders to Montagu-backed packaging company Linpac have reportedly rejected a restructuring proposal put forward by the firm's private equity owners, and are instead working on a counter-proposal that would see them take control of the business through a debt-for-equity swap.
Deal is based on an EV of €1.4bn and will see minority owner Kirkbi maintain a stake
Following the deal, Plurima's CEO, Luca Marconi, will be appointed as CEO and chair of Log-Os
Calculus Capital invested €2.5m in the media management software provider in 2015
In additon to the equity deployed by Palladio, a debt package was provided by Intesa Sanpaolo